Oil Upd:Price at Resistance–But the Real Story Is in OptionFlow

Right now, price has reached the upper boundary of the 1σ Expected Range (ER).
A pause or rejection here is possible.

But that’s not the main story.
Bears are getting active in the options market.

First sign: A significant Put Condor has appeared — large enough to stand out.

Target range: $55–$57
Timeframe: 20 days to expiry
📌 For those still learning:
A Condor profits most when price stays within a tight range at expiry.


Second wave of bearish positioning:
Additional players are placing Put Spreads targeting $54–$55, but with a much shorter horizon — 5–7 days.

This shows a layered approach:

Short and mid- term pressure expected

🧠 Bottom Line:
I’m not jumping into shorts right now — and I wouldn’t advise it blindly.
But given this growing bearish sentiment, it’s smart to start looking for short setups

Sentiment is building.